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Developers present Craver Ranch master plan: 2,500 acres, 9,200 homes, large public‑park proposal
Summary
Old Prosper Partners and city staff gave an introductory briefing on the Craver Ranch master plan, including a municipal management district financing approach, water/wastewater connections, a Central Park and developer funding commitments to the city; commissioners raised questions about multifamily caps, stormwater and the proposed Outer Loop.
City staff and representatives for Old Prosper Partners on Wednesday introduced a large master‑planned community proposal called Craver Ranch that would develop roughly 2,500 acres in northern Denton and deliver thousands of housing units, parks and infrastructure over multiple decades.
Charlie Roosevelt, interim director of Development Services, said the project is proposed as a multi‑phase development with a municipal management district (MMD) to finance infrastructure. The developer would construct public facilities and be reimbursed through district assessments; the Texas Legislature already created the district at the developer’s request, city staff said.
Roosevelt said the project team expects roughly 9,200 residential units across product types and about 1.2 million square feet of commercial space over a 17‑year construction timeline, with an estimated $462 million in public infrastructure. The developers estimate total assessed value at buildout of about $5.0 billion and presented a fiscal estimate of roughly $38 million in net revenue to the city over 40 years,…
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